Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Feb. 28, 2023
Nov. 30, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 14,426 $ 20,068
Accounts receivable, net 4,177 5,915
Inventory, net 17,994 15,462
Prepaid expenses and other current assets 1,596 1,200
Total current assets 38,193 42,645
LONG TERM ASSETS    
Intangible assets, net carrying amount 3,800 3,872
Deposits for equipment 1,792 2,269
Right-of-use asset, net 2,184 2,424
Property and equipment, net 3,735 3,309
Goodwill 2,258 2,258
Investment in joint venture 354 0
Loan to joint venture 1,556 0
Other assets 253 272
TOTAL ASSETS 54,125 57,049
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 5,785 7,708
Operating lease liabilities, current 747 757
Deferred revenue, current 1,051 458
Total current liabilities 7,583 8,923
LONG TERM LIABILITIES    
Deferred revenue - non-current 272 340
Operating lease liabilities, non-current 1,550 1,792
Total liabilities 9,405 11,055
COMMITMENTS AND CONTINGENCIES (NOTE 20)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued 0 0
Common stock, $0.001 par value, 50,000,000 shares authorized. 24,032,248 shares issued and 21,866,261 shares outstanding as of February 28, 2023 and, 24,018,612 shares issued and 21,852,625 outstanding as of November 30, 2022 23 23
Additional paid-in capital 126,938 125,474
Treasury stock (2,165,987 shares purchased as of February 28, 2023 and November 30, 2022) (17,500) (17,500)
Accumulated deficit (63,536) (61,383)
Accumulated other comprehensive loss (1,205) (620)
Total Stockholders’ Equity 44,720 45,994
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 54,125 $ 57,049